762 Colorado StAndrewsIN46702
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Andrews at 762 Colorado St, Andrews, IN, 46702 with 5% annual appreciation on a $132,000 basis while $1,093/mo rent supports operations. Total monthly income totals $1,093/mo and a $646/mo payment preserves $301/mo for cash returns. Annual cash flow comes to $3,608/yr on $43,758 deployed, and return on cash invested reaches 28.16% in year one. Equity gained on principal adds $852/yr, and five-year appreciation sums $36,469 alongside rental yield of 9.94%. Five-year ROI measures 146.84% and total cumulative return in cash totals $64,255.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,093/mo property income versus a $646/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1951
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46702, Andrews, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 956 (100%) |
| Owner Occupied HU | 708 (74.1%) |
| Renter Occupied HU | 139 (14.5%) |
| Vacant Housing Units | 109 (11.4%) |
| Median Home Value | $245,000 |
| Average Home Value | $276,691 |
Housing Distribution
Address Breakdown
Residential
788
Single Family
763
Multi-Family
25
Businesses
35
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Listed by: Carl Mygrant • Century 21 The Property Shoppe
Mls Name: IRMLS
Mls Provider:
Mls ID: #202529719
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.